As a real estate investor, you have 2 options for managing your properties. One option is to be a DIY landlord, and the other option is to hire a professional property manager. If you’re asking yourself “should I hire a property management company, or should I self-manage?”, there is no right or wrong answer. However, …
Tax time is approaching quickly. Here’s a brief introduction to what property investors need to know about types of taxes on rental real property. What Tax Form Do I Use to Report Rental Income? Rental income is reported on your tax return using Form 1040, Schedule E. You’ll list your rental income, expenses, and depreciation. …
Rental Properties and Taxes: What You Need to Know Read More »
We all know that investing in rental real estate is one the best things you can do for your portfolio. But, as you may have already experienced, it is a large time commitment and requires a lot of knowledge and effort. Whether you are thinking about becoming a landlord for the first time, or the …